Aegean releases nine-month 2019 trading update

victoria@aviationnews-online.com
By victoria@aviationnews-online.com November 22, 2019 10:25

Aegean releases nine-month 2019 trading update

Aegean has released a trading update for its nine-month period ending September 30.

The group has posted consolidated revenue of €1.03 million, 10% higher than the corresponding period in 2018.

Net earnings after tax reached €77.1 million, slightly down from €80.9 million year-on-year.

Total passenger traffic increased by 7% to 11.6 million passengers, with the company offering 6% more capacity, totalled to 13.9 million.

Dimitris Gerogiannis, CEO of Aegean, commented: “Aegean managed to improve all its operational figures in the 2019 nine-month period and welcomed more than 12% international passengers on board despite the marginal increase in inbound tourism flows into the country.

“Our effort to extend tourism season, which contribute overall to tourism development in our country, yielded positive results in the second quarter and is expected to do so in the fourth quarter as well”.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com November 22, 2019 10:25